Latin America and the Caribbean: Lemon And Lime Market 2024

Lemon And Lime Market Size in Latin America and the Caribbean

In 2022, the Latin American lemon and lime market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Lemon And Lime Production in Latin America and the Caribbean

In value terms, lemon and lime production fell modestly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Mexico (X tons), Brazil (X tons) and Argentina (X tons), together accounting for X% of total production. Colombia, Peru, Chile and Guatemala lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Colombia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of lemons and limes in Latin America and the Caribbean reduced slightly to X tons per ha, approximately equating 2021. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the yield increased by X% against the previous year. Over the period under review, the lemon and lime yield hit record highs at X tons per ha in 2018; however, from 2019 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of lemons and limes production in Latin America and the Caribbean reduced slightly to X ha, almost unchanged from 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to lemon and lime production reached the peak figure at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Lemon And Lime Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of lemons and limes were exported in Latin America and the Caribbean; shrinking by X% compared with 2021. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, lemon and lime exports expanded slightly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons) was the largest exporter of lemons and limes, comprising X% of total exports. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%). Chile (X tons), Colombia (X tons) and Peru (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lemon and lime exports from Mexico stood at X%. At the same time, Colombia (X%), Peru (X%), Brazil (X%) and Chile (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. Brazil (X p.p.), Colombia (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Argentina saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest lemon and lime supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Lemon And Lime Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of lemons and limes were imported in Latin America and the Caribbean; picking up by X% compared with 2021 figures. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, lemon and lime imports expanded rapidly to $X in 2022. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Chile (X tons), distantly followed by Mexico (X tons), Colombia (X tons), Paraguay (X tons), Bahamas (X tons), El Salvador (X tons), Panama (X tons) and Brazil (X tons) were the major importers of lemons and limes, together creating X% of total imports. Argentina (X tons), Aruba (X tons), Curacao (X tons), Nicaragua (X tons) and the Dominican Republic (X tons) followed a long way behind the leaders.

Imports into Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%), El Salvador (X%), Curacao (X%), Nicaragua (X%), Panama (X%), Argentina (X%), Colombia (X%), Mexico (X%), Paraguay (X%), Aruba (X%) and Bahamas (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Brazil experienced a relatively flat trend pattern. El Salvador (X p.p.), Panama (X p.p.), Mexico (X p.p.), Colombia (X p.p.), Curacao (X p.p.), Nicaragua (X p.p.), Argentina (X p.p.), the Dominican Republic (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lemon and lime importing markets in Latin America and the Caribbean were Chile ($X), Bahamas ($X) and Mexico ($X), with a combined X% share of total imports. Panama, Aruba, Brazil, Argentina, the Dominican Republic, Curacao, Colombia, Paraguay, El Salvador and Nicaragua lagged somewhat behind, together accounting for a further X%.

The Dominican Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahamas ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahamas (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :